This is not good advice Even the most bullish mainstream investment advisors still say you should have enough money in an FDIC-insured bank account to constitute an "emergency fund" before you put one penny in stocks, which are a fundamentally risky investment
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I don't have any interest in learning to pick stocks because my opinion is picking stocks is bad, yes
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What I consider to be the best risk mitigation advice is to invest in index funds with money you don't actually need and hold it for the long haul, ignoring the volatility and hoping for zero alpha, which means playing around with stop loss orders actually increases cost and risk
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